A PBS spokesperson confirmed the decision to OnTheRedCarpet.com on July 19.

WGBH Boston, a member station that produces the show for PBS, released a statement to The Washington Post saying, "Given the unfortunate news reported today, effective immediately, Fred Willard no longer will be involved with the 'Market Warriors' series."

Willard's bio was removed from the show's website and "Antiques Roadshow" host Mark L. Walberg will re-voice the episodes Willard had already completed.

PBS stands for Public Broadcasting Service and it is a non-profit network which relies on public donations and member station fees.

Willard, who is a 72-year-old comedic actor known for movies like "Best In Show" and "Anchorman," was arrested in Hollywood on July 18 after an officer caught him with his pants down in a public area in the Tiki Theater. It is a popular venue for pornographic films.

The actor was jailed for several hours before he was released on $500 bail. No booking photo was released by police. The actor is expected to appear in court at a future date to answer to the misdemeanor charge.

Willard's lawyer denied the officer's claims in a statement on July 19.

"With all due respect to the individual officer, our belief that Fred did nothing in any violation of any law," his lawyer, Paul Takakjian, told OnTheRedCarpet.com in a statement. "We will be working vigorously to clear his name in this matter."

Willard currently works as the host of ABC's new improv comedy show, "Trust Us With Your Life," which premiered on July 10. A network spokesperson told OnTheRedCarpet.com on Wednesday that new episodes will continue to air. The next is scheduled for July 24.